As travelers eagerly anticipate their adventures, the BRICS tourism industry stands as a beacon of opportunity and growth. With a current valuation soaring to US$ 5.09 trillion in 2024, the stage is set for a transformative journey ahead.
The narrative unfolds with anticipation, envisioning a future where demand ascends to US$ 7.83 trillion by 2034, fostering a CAGR of 4.4%.
Attributes | Details |
---|---|
Value for 2024 | US$ 5.09 trillion |
Value for 2034 | US$ 7.83 trillion |
Forecast CAGR for 2024 to 2034 | 4.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Historical CAGR (2019 to 2023) | 3.70% |
---|---|
Forecast CAGR (2024 to 2034) | 4.40% |
From 2019 to 2023, the industry witnessed a sluggish CAGR of 3.70%, reflecting a period of gradual expansion and evolution. This era marked a boom in accessibility and a rise in interest in exploring the diverse landscapes and cultures within the BRICS nations.
The forecasted CAGR from 2024 to 2034 paints a picture of continued growth and adventure in the BRICS Tourism realm. With a projected CAGR of 4.40%, the future promises to be ripe with opportunities for exploration, discovery, and innovation.
From ancient treasures to modern marvels, each destination beckons with tales of past triumphs and beckons toward future adventures, inviting travelers to embark on a journey of a lifetime.
The below section shows the leading segment. Based on the consumer orientation, the men segment is accounted to hold an industrial share of 48.3% in 2024. Based on age group, the 26-35 years segment is accounted to hold an industrial share of 35.4% in 2024.
Category | Industrial Share in 2024 |
---|---|
Men | 48.3% |
26-35 years | 35.4% |
Based on consumer orientation, the men's segment stands out, capturing a significant industrial share of 48.3%. The considerable share underscores the surge in the prominence of men as key consumers in the industry.
As societal norms evolve and traditional gender roles blur, men are widely embracing self-care and grooming, including investing in personal care products tailored to their needs.
The boom in specialized men's grooming brands and products tailored to men's preferences and lifestyles further fuels this trend, thus catering to their unique requirements and preferences.
Based on age group, the 26-35 years segment is accounted to hold an industry share of 35.4% in 2024. The age group represents a demographic characterized by young adults in the prime of their professional and personal lives, often prioritizing self-care and grooming routines.
With a focus on maintaining youthful appearances and adopting healthy lifestyles, individuals within this age bracket are keen consumers of personal care products.
The purchasing power, coupled with a desire to invest in quality grooming products, propels significant demand within the industry, making them a critical target audience for brands and retailers alike.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The table describes the top five countries ranked by revenue, with South Africa holding the top position. The dominance of South Africa in the BRICS tourism industry is propelled by its diverse landscapes, vibrant cities, and rich cultural heritage.
Iconic attractions such as safaris in Kruger National Park, Table Mountain in Cape Town, and artistic experiences contribute to its appeal, making it a top destination within the BRICS nations.
Forecast CAGRs from 2024 to 2034
Countries | CAGR |
---|---|
Brazil | 4.5% |
Russia | 4.9% |
China | 5.2% |
India | 5.8% |
South Africa | 6.2% |
In Brazil, the BRICS tourism industry thrives on the diverse natural landscapes, vibrant culture, and iconic attractions.
From the breathtaking Amazon rainforest to the bustling streets of Rio de Janeiro, Brazil offers a myriad of experiences for travelers seeking adventure, relaxation, and cultural immersion.
The warm climate, welcoming people, and rich heritage make it a top destination within the industry.
Tourists are drawn to iconic landmarks, including the Kremlin in Moscow, the Hermitage Museum in Saint Petersburg, and the historic cities along the Golden Ring in Russia.
Cultural attractions such as the Bolshoi Theatre and the Trans-Siberian Railway offer unique experiences for travelers seeking cultural immersion and adventure.
The vast wilderness areas, including Lake Baikal and the Kamchatka Peninsula, also attract ecotourists interested in exploring pristine natural environments.
The vibrant cities in China, including Beijing, Shanghai, and Xi'an, showcase modern developments, technological innovation, and dynamic urban landscapes.
The diverse cuisine, traditional festivals, and scenic landscapes, such as the Li River and Zhangjiajie National Forest Park, further contribute to its appeal as a top tourist destination within the BRICS nations.
Tourists are drawn to iconic landmarks, such as the Taj Mahal, Jaipur's palaces, and Kerala's backwaters, which offer glimpses into the rich history and architectural marvels.
Spiritual seekers flock to sacred sites such as Varanasi, Rishikesh, and Bodh Gaya, while adventure enthusiasts explore the Himalayas, national parks, and wildlife reserves.
The vibrant festivals, colorful industries, and culinary delights further enhance its appeal as a top tourist destination within the BRICS nations.
Tourists flock to South Africa to embark on safari adventures in Kruger National Park, explore the vibrant city of Cape Town, and visit iconic landmarks such as Table Mountain and Robben Island.
The rich cultural heritage, including its diverse population, languages, and traditions, offers immersive experiences for travelers seeking cultural exchange and exploration.
The scenic coastal drives, winelands, and outdoor activities appeal to adventure seekers and nature enthusiasts, making it a top destination within the BRICS nations for tourism.
Each member nation of the BRICS tourism industry competes with its unique blend of attractions, cultural heritage, and hospitality offerings. Competition drives innovation in infrastructure, services, and industrial strategies as each nation seeks to attract and retain tourists.
Collaboration within the BRICS framework fosters mutual growth and exchange of best practices, further enhancing the competitiveness of the collective tourism industry on the global stage. Some of the key developments are:
Attributes | Details |
---|---|
Estimated Industry Size in 2024 | US$ 5.09 trillion |
Projected Industry Valuation in 2034 | US$ 7.83 trillion |
Value-based CAGR 2024 to 2034 | 4.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Industry Analysis | Value in US$ trillion |
Key Industry Segments Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
|
As of 2024, the industry for BRICS tourism is expected to be valued at US$ 5.09 trillion.
The BRICS tourism Industry is projected to expand at a CAGR of 4.40% between 2024 and 2034.
The men segment is projected to dominate the industry.
By 2034, the Industrial value of BRICS tourism is expected to reach US$ 7.83 trillion.
South Africa is likely the top-performing Industry, with a CAGR of 6.2%.
1. Executive Summary 1.1. Industry Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Industry Overview 2.1. Industry Coverage / Taxonomy 2.2. Industry Definition / Scope / Limitations 3. Industry Background 3.1. Industry Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Industry Outlook 4. Industry Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Industry Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Industry Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Introduction / Key Findings 5.2. Historical Industry Size Value (US$ Million) Analysis By Type, 2019 to 2023 5.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034 5.3.1. Cultural & Heritage Tourism 5.3.2. Medical Tourism 5.3.3. Eco/Sustainable Tourism 5.3.4. Sports Tourism 5.3.5. Wellness Tourism 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034 6. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Booking Channel 6.1. Introduction / Key Findings 6.2. Historical Industry Size Value (US$ Million) Analysis By Booking Channel, 2019 to 2023 6.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Booking Channel, 2024 to 2034 6.3.1. Online Travel Agents 6.3.2. Traditional Agents 6.3.3. Direct Booking 6.4. Y-o-Y Growth Trend Analysis By Booking Channel, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Booking Channel, 2024 to 2034 7. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type 7.1. Introduction / Key Findings 7.2. Historical Industry Size Value (US$ Million) Analysis By Tourist Type, 2019 to 2023 7.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2024 to 2034 7.3.1. Domestic Tourist 7.3.2. International Tourist 7.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Tourist Type, 2024 to 2034 8. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type 8.1. Introduction / Key Findings 8.2. Historical Industry Size Value (US$ Million) Analysis By Tour Type, 2019 to 2023 8.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Tour Type, 2024 to 2034 8.3.1. Independent Traveller 8.3.2. Tour Groups 8.3.3. Package Traveller 8.4. Y-o-Y Growth Trend Analysis By Tour Type, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By Tour Type, 2024 to 2034 9. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation 9.1. Introduction / Key Findings 9.2. Historical Industry Size Value (US$ Million) Analysis By Consumer Orientation, 2019 to 2023 9.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Consumer Orientation, 2024 to 2034 9.3.1. Men 9.3.2. Women 9.4. Y-o-Y Growth Trend Analysis By Consumer Orientation, 2019 to 2023 9.5. Absolute $ Opportunity Analysis By Consumer Orientation, 2024 to 2034 10. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group 10.1. Introduction / Key Findings 10.2. Historical Industry Size Value (US$ Million) Analysis By Age Group, 2019 to 2023 10.3. Current and Future Industry Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034 10.3.1. 15-25 Years 10.3.2. 26-35 Years 10.3.3. 36-45 Years 10.3.4. 46- 55 Years 10.3.5. 56- 65 Years 10.3.6. 66-75 Years 10.3.7. Above 75 Years 10.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023 10.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034 11. Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Introduction 11.2. Historical Industry Size Value (US$ Million) Analysis By Country, 2019 to 2023 11.3. Current Industry Size Value (US$ Million) Analysis and Forecast By Country, 2024 to 2034 11.3.1. Brazil 11.3.2. Russia 11.3.3. India 11.3.4. China 11.3.5. South Africa 11.3.6. Egypt 11.3.7. Other Countries 11.4. Industry Attractiveness Analysis By Country 12. Brazil Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 12.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.2. By Type 12.2.3. By Booking Channel 12.2.4. By Tourist Type 12.2.5. By Tour Type 12.2.6. By Consumer Orientation 12.2.7. By Age Group 12.3. Industry Attractiveness Analysis 12.3.1. By Region 12.3.2. By Type 12.3.3. By Booking Channel 12.3.4. By Tourist Type 12.3.5. By Tour Type 12.3.6. By Consumer Orientation 12.3.7. By Age Group 12.4. Key Takeaways 13. Russia Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 13.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.2. By Type 13.2.3. By Booking Channel 13.2.4. By Tourist Type 13.2.5. By Tour Type 13.2.6. By Consumer Orientation 13.2.7. By Age Group 13.3. Industry Attractiveness Analysis 13.3.1. By Region 13.3.2. By Type 13.3.3. By Booking Channel 13.3.4. By Tourist Type 13.3.5. By Tour Type 13.3.6. By Consumer Orientation 13.3.7. By Age Group 13.4. Key Takeaways 14. India Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 14.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 14.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 14.2.1. By Region 14.2.2. By Type 14.2.3. By Booking Channel 14.2.4. By Tourist Type 14.2.5. By Tour Type 14.2.6. By Consumer Orientation 14.2.7. By Age Group 14.3. Industry Attractiveness Analysis 14.3.1. By Region 14.3.2. By Type 14.3.3. By Booking Channel 14.3.4. By Tourist Type 14.3.5. By Tour Type 14.3.6. By Consumer Orientation 14.3.7. By Age Group 14.4. Key Takeaways 15. China Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 15.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 15.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 15.2.1. By Region 15.2.2. By Type 15.2.3. By Booking Channel 15.2.4. By Tourist Type 15.2.5. By Tour Type 15.2.6. By Consumer Orientation 15.2.7. By Age Group 15.3. Industry Attractiveness Analysis 15.3.1. By Region 15.3.2. By Type 15.3.3. By Booking Channel 15.3.4. By Tourist Type 15.3.5. By Tour Type 15.3.6. By Consumer Orientation 15.3.7. By Age Group 15.4. Key Takeaways 16. South Africa Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 16.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 16.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 16.2.1. By Region 16.2.2. By Type 16.2.3. By Booking Channel 16.2.4. By Tourist Type 16.2.5. By Tour Type 16.2.6. By Consumer Orientation 16.2.7. By Age Group 16.3. Industry Attractiveness Analysis 16.3.1. By Region 16.3.2. By Type 16.3.3. By Booking Channel 16.3.4. By Tourist Type 16.3.5. By Tour Type 16.3.6. By Consumer Orientation 16.3.7. By Age Group 16.4. Key Takeaways 17. Egypt Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 17.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 17.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 17.2.1. By Region 17.2.2. By Type 17.2.3. By Booking Channel 17.2.4. By Tourist Type 17.2.5. By Tour Type 17.2.6. By Consumer Orientation 17.2.7. By Age Group 17.3. Industry Attractiveness Analysis 17.3.1. By Region 17.3.2. By Type 17.3.3. By Booking Channel 17.3.4. By Tourist Type 17.3.5. By Tour Type 17.3.6. By Consumer Orientation 17.3.7. By Age Group 17.4. Key Takeaways 18. Other Countries Industry Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 18.1. Historical Industry Size Value (US$ Million) Trend Analysis By Industry Taxonomy, 2019 to 2023 18.2. Industry Size Value (US$ Million) Forecast By Industry Taxonomy, 2024 to 2034 18.2.1. By Country 18.2.2. By Type 18.2.3. By Booking Channel 18.2.4. By Tourist Type 18.2.5. By Tour Type 18.2.6. By Consumer Orientation 18.2.7. By Age Group 18.3. Industry Attractiveness Analysis 18.3.1. By Country 18.3.2. By Type 18.3.3. By Booking Channel 18.3.4. By Tourist Type 18.3.5. By Tour Type 18.3.6. By Consumer Orientation 18.3.7. By Age Group 18.4. Key Takeaways 19. Industry Structure Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Industry Share Analysis of Top Players 19.3.1. By Country 19.3.2. By Type 19.3.3. By Booking Channel 19.3.4. By Tourist Type 19.3.5. By Tour Type 19.3.6. By Consumer Orientation 19.3.7. By Age Group 20. Competition Analysis 20.1. Competition Deep Dive 20.1.1. Thomas Cook 20.1.1.1. Overview 20.1.1.2. Product Portfolio 20.1.1.3. Profitability by Industry Segments 20.1.1.4. Sales Footprint 20.1.1.5. Strategy Overview 20.1.1.5.1. Marketing Strategy 20.1.2. Cox and Kings 20.1.2.1. Overview 20.1.2.2. Product Portfolio 20.1.2.3. Profitability by Industry Segments 20.1.2.4. Sales Footprint 20.1.2.5. Strategy Overview 20.1.2.5.1. Marketing Strategy 20.1.3. SOTC 20.1.3.1. Overview 20.1.3.2. Product Portfolio 20.1.3.3. Profitability by Industry Segments 20.1.3.4. Sales Footprint 20.1.3.5. Strategy Overview 20.1.3.5.1. Marketing Strategy 20.1.4. Kesari Tours 20.1.4.1. Overview 20.1.4.2. Product Portfolio 20.1.4.3. Profitability by Industry Segments 20.1.4.4. Sales Footprint 20.1.4.5. Strategy Overview 20.1.4.5.1. Marketing Strategy 20.1.5. Expedia 20.1.5.1. Overview 20.1.5.2. Product Portfolio 20.1.5.3. Profitability by Industry Segments 20.1.5.4. Sales Footprint 20.1.5.5. Strategy Overview 20.1.5.5.1. Marketing Strategy 20.1.6. Signature Tours 20.1.6.1. Overview 20.1.6.2. Product Portfolio 20.1.6.3. Profitability by Industry Segments 20.1.6.4. Sales Footprint 20.1.6.5. Strategy Overview 20.1.6.5.1. Marketing Strategy 20.1.7. Natripp 20.1.7.1. Overview 20.1.7.2. Product Portfolio 20.1.7.3. Profitability by Industry Segments 20.1.7.4. Sales Footprint 20.1.7.5. Strategy Overview 20.1.7.5.1. Marketing Strategy 21. Assumptions & Acronyms Used 22. Research Methodology
Explore Travel and Tourism Insights
View Reports